Rosatom 'able to carry out' Paks upgrade, Szijjártó says
Rosatom can implement the upgrade of Hungary's Paks nuclear power plant, Minister of Foreign Affairs and Trade Péter Szijjártó told state news wire MTI on Thursday, after talks with the Russian company's CEO, Alexey Likhachev, in Istanbul.
"Rosatom executives offered assurances to Hungary at the talks that they remain capable, from a technological perspective, of carrying out the investment," Szijjártó said. He added that Hungary's atomic energy authority is weighing applications for permits for the project, and when these are awarded, the construction work at the plant "can enter the next phase".
He said nuclear energy is "cheap, safe and environmentally friendly", while it ensures a "significant degree" of energy supply independence and stability, as fuel rods can be stored for "many years" before they are used.
Rosatom is the general contractor for the construction of another two blocks at the Paks power plant, Hungary's sole commercial source of nuclear energy. The plant accounts for about half of Hungary's electricity generation.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
